KPC Sets Bid Date For North Sea E&P Holdings

The Kuwait Petroleum Corporation (KPC) has set 1 November as the bid date for Santa Fe Exploration (UK) Ltd. The latter company, whose oil production from North Sea holdings averaged 60,000 b/d last year, is a wholly-owned subsidiary of the KPC-owned KP North Sea Holdings Ltd. KPC announced its intention to sell its North Sea assets on 28 June and appointed Robert Flemings Holdings as financial...